Saudi PIF-owned digital security firm said to hire IPO adviser
A digital security firm owned by Saudi Arabia’s Public Investment Fund (PIF) has hired Riyad Capital to advise on a…
Comment & Analysis
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How Saudi Arabia is likely to fund its Vision 2030 ambitions
Saudi Arabia's debt capital market is set to take on a larger role in financing Vision 2030, the Gulf kingdom's…
World's Best Islamic Financial Institutions 2021
The last year wasn’t an easy year for anyone. Lockdowns dampened economic activity to the point that GDP fell nearly…
The Middle East and Africa's 30 largest banks by assets, 2021
Qatar National Bank remained the largest bank by assets in the Middle East and Africa region for the sixth consecutive…
Consumer appetite in MENA for digital payments takes off: Mastercard
As the world went into pandemic lockdown in 2020, consumers shifted their spending habits to embrace contactless tap-and-go payments and…
COVID-19 impact: UAE reduces penalties on VAT, excise tax
The UAE has reduced tax penalties for value-added tax (VAT) and Excise Tax in order to help the companies and…
UAB reports financial results for the three months ended 31st March 2021
United Arab Bank has announced its Financial Results for the three months ended 31st March 2021. Strong performance is…
Bahrain’s Investcorp targets larger North American deals
Investcorp Holdings BSC is targeting larger private equity deals in North America as it seeks to boost assets under management…
Bahrain a 'country to watch' for GCC contact center outsourcing
A host of favourable conditions position Bahrain as a potential global hotspot for contact-centre outsourcing – according to a new…
Turkish central bank sticks to high interest rates after inflation rise
Turkey’s central bank held its key interest rate steady at 19% as expected yesterday and repeated a pledge to keep…
Jordan fires Basem Awadallah from Arab Bank administration
Jordanian Central Bank removed former Chief of Royal Court, Bassem Awadallah, from its administration, local media reported yesterday. According…
World Bank and Arab Monetary Fund to discuss financial technology
The World Bank and the Arab Monetary Fund will hold a virtual conference today about digital payments and e-banking. …